Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Increases Dividend to $0.09 Per Share

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) declared a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Investors of record on Monday, May 18th will be given a dividend of 0.0937 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, May 18th. This is a 7.9% increase from Invesco Variable Rate Investment Grade ETF’s previous monthly dividend of $0.09.

Invesco Variable Rate Investment Grade ETF Trading Down 0.4%

Invesco Variable Rate Investment Grade ETF stock opened at $25.03 on Tuesday. Invesco Variable Rate Investment Grade ETF has a 12 month low of $24.98 and a 12 month high of $25.18. The business’s 50 day simple moving average is $25.07 and its 200 day simple moving average is $25.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. purchased a new stake in Invesco Variable Rate Investment Grade ETF in the 4th quarter worth approximately $35,000. Sound Income Strategies LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 141,100.0% during the 1st quarter. Sound Income Strategies LLC now owns 1,412 shares of the company’s stock valued at $35,000 after purchasing an additional 1,411 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Invesco Variable Rate Investment Grade ETF by 64.9% during the 4th quarter. CoreCap Advisors LLC now owns 1,824 shares of the company’s stock valued at $46,000 after purchasing an additional 718 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at $49,000. Finally, Harbor Asset Planning Inc. bought a new position in shares of Invesco Variable Rate Investment Grade ETF during the 1st quarter valued at $80,000.

About Invesco Variable Rate Investment Grade ETF

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities. VRIG was launched on Sep 22, 2016 and is managed by Invesco.